Support and Resistance Levels
Past performance
About Riba Textiles Ltd Riba Textiles Ltd, established in 1989, is a prominent manufacturer of terry towels and tufted rugs in Haryana, India, located 100 km from New Delhi. The company is publicly traded on the Indian stock market and has expanded its production capacity from 7,000 tons to 9,000 tons annually as of 2021. Situated on a 16-acre facility with a 600,000 square feet built-up area, Riba Textiles boasts state-of-the-art machinery and a fully integrated textile unit. The company's operations encompass dyeing, weaving, finishing, sublation, shearing, embroideries, and tufting, transforming cotton yarn into high-quality towels and bath rugs.
Riba Textiles serves a diverse clientele, including departmental stores, mass merchandisers, e-commerce sellers, and importers in 30 countries worldwide. Initially commencing production in 1992, the company has continually expanded its capacity, notably increasing from 250 tpa to 1499 tpa by 1995-96 and further to 3230 MTS PA by 2006. It remains a key player in the textile sector, with interests extending to food, entertainment, and agriculture.